YFI is in a 3x wave descending wedge pattern. It Tried to break upper resistance and was forced back into channel. Expect YFI to continue down channel to a strike price of 15.666.
5 Day RSI is overbought facilitating the downward movement
Ethereum's price volatility has gone from big to small since Covid19 in March. Eth is trading in a tight range with a short-term channel and mid-term and long-term funnels. Buy long @ $387, set a stop loss at lower blue line $377. Cash-out point is the top gold line $555.
With 5x leverage trade carries a return to risk ratio of 14.185: Trade has to be...
